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Aperam: Market and Financial Trends Overview for Q4 2025

On January 6, 2026, Aperam published an update on market and financial trends for the fourth quarter of 2025. The company confirmed that adjusted EBITDA for this period is expected to be lower than the third-quarter results (€74 million), compared to a consensus estimate of €68 million. Market conditions in Europe remain challenging, and demand in Brazil is experiencing a seasonal decline. The impact of trade defense measures in Europe could be felt starting in July 2026. Aperam is continuing its deleveraging strategy, with working capital optimization estimated at a reduction of more than €200 million in net debt between Q1 and Q4 2025.

The publication date for the Q4 and full-year 2025 results is set for February 6, 2026. Aperam will hold a conference call on the same day to discuss its performance.

R. H.

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